Congresswoman Sheri Biggs Discloses Up to $250,000 BTC Investment via iShares Bitcoin ETF
Representative Sheri Biggs disclosed a Bitcoin investment of up to $250,000 through the iShares Bitcoin Trust.Summary
South Carolina Representative Sheri Biggs has disclosed a purchase of up to $250,000 in Bitcoin exposure via the iShares Bitcoin Trust (IBIT). Filed in accordance with the STOCK Act, the transaction marks one of the largest single Bitcoin-related investments by a sitting member of Congress, joining other lawmakers like Senator David McCormick and Representative Brandon Gill in aggressive Bitcoin ETF adoption.
The news coincides with Bitcoin's price resurgence above $77,000, driven by geopolitical stabilization in the Middle East. Following news that the Strait of Hormuz has reopened under a ceasefire framework, market volatility eased, leading to a broad risk-on sentiment that boosted both equities and cryptocurrencies.
(Source：Bitcoin Magazine)